EWORK 0 Saved Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders. Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 126,000 344,000 568,000 852,009 399,000 255,000 $ 2,544,000 $ 134,000 485,000 483,000 828,000 434,000 246,000 $ 2,610,000 $ 376,000 1,001,000 1,167,000 $ 2,544,000 $ 343,000 1,001,000 1,266,000 $ 2,610,000 $ 4,202,000 13,571,700 630,300 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 117,000 Tax expense 203,000 Net income 320,000 310, 300 $ Net operating income Interest and taxes Interest expense Tax expense Net income $ 117,00 203, 320,00 318, 309 The company paid dividends of $211,300 last year. The "Investment in Buisson, SA," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15% Required: 1. Compute the company's average operating assets for last year 2 Compute the company's margin, turnover, and return on investment (ROI) for last year. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? + % Average operating assets Margin Turnover ROI Residual income | %